How a Social-Media Frenzy Around Credit Suisse Rattled Its Stock 

Fast-spreading rumors circulating on Reddit and Twitter served as a reminder of the sway online forums can now exert over financial markets.

Former Apple Executive's EV Battery Startup Plans $1.6 Billion Factory in Michigan 

Our Next Energy has plans for its factory to produce enough cells annually for 200,000 EVs by the end of 2027.

Facebook Tweaks News Feed, Giving Users More Control 

The social-media company said users can now choose "show less" or "show more" on individual posts which will allow them to curate the type of content they see.

How Macy's Has Avoided the Inventory Pileup Plaguing Other Apparel Chains 

Executives say they cut orders and shifted inventory after seeing some troubling signs in credit-card spending.

Samsung is Going Big, Not Home, in Advanced Chips 

The South Korean company's ambitious investments in its foundry business and the increasing politicization of the chip sector will be tailwinds over the long run.

SpaceX, NASA Set for Latest Crew Launch to Space Station 

The mission would mark the sixth time SpaceX has flown astronauts to the station for the space agency since 2020, and comes after NASA has moved to deepen its relationship with the Elon Musk-led company.

Icahn, Others Clean Up on Musk's Twitter About-Face 

Elon Musk's decision to end his war with Twitter isn't just a big win for the social-media company, but also for some big-name investors like Carl Icahn, who had amassed a stake of well over $500 million in the past few months.

Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors 

Thousands of businesses across the U.K. are buckling under rampant inflation and flagging consumer demand, adding to a growing corporate casualty list in Europe stemming from the war in Ukraine.

CALB to Raise About $1.26 Billion From Hong Kong IPO 

Chinese battery maker CALB Co. has priced its Hong Kong initial public offering at $4.84 a share, aiming to raise an estimated $1.26 billion in net proceeds.

Elon Musk Proposes Closing Twitter Deal on Original Terms 

An agreement would allow the social-media company and the billionaire to avert a high-stakes trial that was set to start soon; Twitter shares soar 22%.


(END) Dow Jones Newswires

October 05, 2022 11:15 ET (15:15 GMT)

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